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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
PNB scam: Central agencies tighten screws; CBI makes first big arrest

21-02-2018| Source:PTI

As part of the probe, an Executive Director and 9 other senior officials of the PNB were grilled by CBI in connection with the "fraudulent" guarantees issued by the bank in favour of Nirav

Sebi permits clearing corps at IFSC to accept cash as trade collateral

21-02-2018| Source:PTI

Cash and cash equivalents will include major foreign currencies as may be decided by the clearing corporation from time to time, term deposit receipts and bank guarantees issued by bank branches

Sebi permits clearing corps at IFSC to accept cash as trade collateral

21-02-2018| Source:PTI

Cash and cash equivalents will include major foreign currencies as may be decided by the clearing corporation from time to time, term deposit receipts and bank guarantees issued by bank branches

Govt expects to finalise roadmap for MSME bad loans by March

07-02-2018| Source:PTI

On the online lending to MSMEs, the minister said a trial run conducted for Prime Minister's Employment Guarantee Programme was successful and transparent and the model may be taken forward.

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